Freedom Investment Management Inc. Sells 1,605 Shares of Cadre Holdings, Inc. $CDRE

Freedom Investment Management Inc. lessened its position in Cadre Holdings, Inc. (NYSE:CDRE) by 10.9% in the 2nd quarter, Holdings Channel reports. The firm owned 13,167 shares of the company’s stock after selling 1,605 shares during the period. Freedom Investment Management Inc.’s holdings in Cadre were worth $419,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Militia Capital Partners LP bought a new stake in shares of Cadre during the first quarter worth $49,000. State of Wyoming bought a new stake in shares of Cadre during the first quarter worth $69,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Cadre by 37.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company’s stock worth $125,000 after acquiring an additional 1,155 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Cadre by 24,275.0% during the first quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock worth $144,000 after acquiring an additional 4,855 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in shares of Cadre by 31.1% during the second quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock worth $188,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CDRE. Wall Street Zen downgraded shares of Cadre from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Roth Capital reissued a “buy” rating and set a $44.00 price objective on shares of Cadre in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research report on Friday. Bank of America downgraded shares of Cadre from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $38.00 to $26.00 in a research report on Wednesday, August 13th. Finally, Lake Street Capital raised their target price on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.50.

Cadre Stock Up 2.1%

Cadre stock opened at $43.51 on Monday. The company has a market cap of $1.77 billion, a P/E ratio of 46.29, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $43.63. The company has a fifty day simple moving average of $34.99 and a 200 day simple moving average of $33.34. The company has a current ratio of 3.59, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The company had revenue of $157.11 million during the quarter, compared to the consensus estimate of $153.23 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS. Research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 31st. Cadre’s dividend payout ratio (DPR) is 40.43%.

Cadre Profile

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.